US Stock Market Movements | Gold and silver stocks collectively decline, Silvercorp Metals (SVM.US) drops nearly 8%

Smart Finance APP has learned that on Thursday, gold and silver stocks collectively declined. Silvercorp Metals (SVM.US) fell nearly 8%, Agnico Eagle Mines (AEM.US) and AngloGold Ashanti (AU.US) dropped 6%, First Majestic Silver (AG.US) fell nearly 6%, Pan American Silver (PAAS.US) declined over 5%, Kinross Gold (KGC.US) fell nearly 5%, Gold Fields (GFI.US) dropped over 4%, and Newmont Corporation (NEM.US) fell 4%. On the news side, spot gold at one point during intraday trading fell below $4,050 per ounce, dropping more than 2% on the day. Spot silver at one point fell 5% intraday, approaching the key $55 per ounce level.